Property Type	Investments / Retail
Tenure	For Sale
Size	2,950 sq ft
Price	£850,000
Business Rates	Upon Enquiry
Energy Performance Rating	This property has been set as EPC exempt. Reason: Listed building

FOR SALE FREEHOLD
MIXED RETAIL AND RESIDENTIAL INVESTMENT comprising two retail units together with four flats

Location

The 3 storey property is well located within The Broadway, Newbury. Occupiers close by include Dominos Pizza, Roderick Anthony Hairdressers and Co-op.

Key Points

• For Sale Freehold
• Mixed Retail and Residential Investment
• Total Current Income £52,536 per annum
• 4 Flats Let as AST'S
• 2 Fully Let Retail Units
• Listed Grade 2 (EPC exempt)

Description

The property comprises 2 Retail Units together with 4 Flats as follows:-

FLAT A - Ground Floor approx 38 sq m gross
1 bed £678 pcm £8,136 per annum.

FLAT B - Ground Floor approx 42 sq gross
1 bed £600 pcm £7,200 per annum.

FLAT C - Top Floor approx 41 sq m gross
1 bed £750 pcm £9,000 per annum.

FLAT D - Top Floor approx 75 sq m gross
2 beds £850 pcm £10,200 per annum.

RETAIL UNITS
UNIT 1 (LHS) approx 41.43 sq m [446 sq ft] - let for a term of 5 years from 1st June 2021. Tenant break and upward only rent review 3rd year.
Use. Coffee Shop. Current rent £9,000 per annum plus VAT.

UNIT 2 (RHS) approx 37.13 sq m [400 sq ft] - let for a term of 5 years from August 2018.
Use. Tattoo Studio. Current rent £9,000 per annum plus VAT.

TOTAL CURRENT INCOME £52,536 PER ANNUM

Terms

Our client is seeking offers of £850,000 plus VAT for the Freehold subject to and with the benefit of the various lettings.

Legal Costs

Each party to pay their own legal costs in this transaction.